Richard Lindzen on Global Warming

Richard Lindzen, Alfred P. Sloan professor of atmospheric science at MIT, has one of the best explanations of why fears of human-caused global warming are overblown. Go to Watts Up With That to read the whole thing.

I particularly liked his succinct way of explaining why the monied interests are on the global warming side of the debate, not that of the skeptics, as is often supposed. A lot of companies, and all governments, stand to reap huge windfalls from carbon reduction programs:

One may ask why there has been the astounding upsurge in alarmism in the past four years. When an issue like global warming is around for more than 20 years, numerous agendas are developed to exploit the issue. The interests of the environmental movement in acquiring more power, influence and donations are reasonably clear. So, too, are the interests of bureaucrats for whom control of carbon dioxide is a dream come true. After all, carbon dioxide is a product of breathing itself.

Politicians can see the possibility of taxation that will be cheerfully accepted to save Earth. Nations see how to exploit this issue in order to gain competitive advantages. So do private firms. The case of Enron (a now bankrupt Texas energy firm) is illustrative. Before disintegrating in a pyrotechnic display of unscrupulous manipulation, Enron was one of the most intense lobbyists for Kyoto. It had hoped to become a trading firm dealing in carbon-emission rights. This was no small hope. These rights are likely to amount to trillions of dollars, and the commissions will run into many billions.

It is probably no accident that Al Gore himself is associated with such activities. The sale of indulgences is already in full swing with organizations selling offsets to one’s carbon footprint while sometimes acknowledging that the offsets are irrelevant. The possibilities for corruption are immense.